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Inflation rose 1.7% on a year-over-year basis in May
24-JUN-25 Statistics Canada
Shelter prices grow at a slower pace. Prices for travel tours and air transportation fall in May. Gasoline prices continue to decline year over year. Slower decline year-over-year for cellular services. Prices for new cars grow at a faster pace year over year.
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Investment in building construction decreases, April 2025
19-JUN-25 Statistics Canada
Investment in the residential sector decreased 4.5%, while the non-residential sector edged down 0.3%. Multi-unit component leads residential construction decline
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Building permits decreased, April 2025
11-JUN-25 Statistics Canada
Building permits issued in April fell by 6.6% from the previous month and by 16.4% on a year-over-year basis. Multi-family construction intentions weigh down residential sector. Ontario leads non-residential sector gains.
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May 2025: The unemployment rate rose 0.1 percentage points to 7.0%
06-JUN-25 Statistics Canada
The unemployment rate increased 0.1 percentage points to 7.0% in May, the highest rate since September 2016 (excluding 2020 and 2021, during the pandemic). The uptick in May was the third consecutive monthly increase; since February, the unemployment rate has risen by a combined total of 0.4 percentage points.
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housing market experienced an improvement in affordability in May 2025
04-JUN-25 TRREB
With sales down and listings up, homebuyers took advantage of increased inventory and negotiating power.
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Bank of Canada holds policy rate at 2.75%
04-JUN-25 Bank of Canada
In Canada, economic growth in the first quarter came in at 2.2%, slightly stronger than the Bank had forecast, while the composition of GDP growth was largely as expected. CPI inflation eased to 1.7% in April, as the elimination of the federal consumer carbon tax reduced inflation by 0.6 percentage points.